• Hello Customer - Log in or Register!
Date: 2013-08-01

Applied Industrial Technologies Ltd. Acquires SCS Supply Group Inc. Business

Applied Industrial Technologies Ltd., the Canadian subsidiary of Applied Industrial Technologies, Inc. (NYSE: AIT), today announced it has acquired the business of SCS Supply Group Inc., formerly known as Toronto Bearing & Belting and CBS Equipment. Terms of the sale were not disclosed.

The acquired business operates eight locations with 61 employees throughout southern Ontario and services a broad base of industrial customers with bearings, power transmission, electrical, fluid power and industrial supplies.

The SCS management team of John (Jay) Shore, Rob Sharpe and Ralph Caporiccio will continue with the Applied organization, reporting to Ron Sowinski, President & Chief Operating Officer of Applied Industrial Technologies Ltd.

"We're very pleased to establish our presence in the Province of Ontario with such a reputable business partner," said Todd A. Barlett, Vice President


Previous: Revolvo Slashes Large Bearing Lead Times by 400%
Next: Timken Declares Quarterly Dividend

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
684 KOYO 4 9 2.5
ML4008 KOYO 4 8 2
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.